Comcast Co. (NASDAQ:CMCSA) Shares Acquired by Cwm LLC

Cwm LLC grew its stake in Comcast Co. (NASDAQ:CMCSAFree Report) by 3.0% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 742,181 shares of the cable giant’s stock after purchasing an additional 21,389 shares during the period. Cwm LLC’s holdings in Comcast were worth $32,174,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. Moody National Bank Trust Division increased its stake in shares of Comcast by 2.0% in the 1st quarter. Moody National Bank Trust Division now owns 52,199 shares of the cable giant’s stock valued at $2,263,000 after purchasing an additional 1,007 shares in the last quarter. Boltwood Capital Management increased its stake in Comcast by 2.4% during the 1st quarter. Boltwood Capital Management now owns 17,150 shares of the cable giant’s stock worth $743,000 after buying an additional 401 shares in the last quarter. Cullen Investment Group LTD. increased its stake in Comcast by 2.5% during the 1st quarter. Cullen Investment Group LTD. now owns 237,108 shares of the cable giant’s stock worth $9,913,000 after buying an additional 5,770 shares in the last quarter. Trust Co. of Toledo NA OH increased its stake in Comcast by 6.3% during the 1st quarter. Trust Co. of Toledo NA OH now owns 62,116 shares of the cable giant’s stock worth $2,693,000 after buying an additional 3,702 shares in the last quarter. Finally, Duncan Williams Asset Management LLC purchased a new stake in Comcast during the 1st quarter worth approximately $755,000. Hedge funds and other institutional investors own 84.32% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have commented on CMCSA shares. BNP Paribas lowered Comcast from a “neutral” rating to an “underperform” rating and set a $34.00 price objective for the company. in a research note on Tuesday, June 11th. StockNews.com lowered Comcast from a “strong-buy” rating to a “buy” rating in a research note on Friday, March 22nd. Evercore ISI reiterated an “outperform” rating and set a $50.00 price objective on shares of Comcast in a research note on Tuesday, March 26th. Citigroup cut their price objective on Comcast from $53.00 to $48.00 and set a “buy” rating for the company in a research note on Monday, April 29th. Finally, Wells Fargo & Company dropped their price target on Comcast from $47.00 to $43.00 and set an “equal weight” rating for the company in a research report on Friday, April 26th. One research analyst has rated the stock with a sell rating, nine have given a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat, Comcast has an average rating of “Moderate Buy” and a consensus price target of $48.83.

Read Our Latest Research Report on Comcast

Insider Transactions at Comcast

In other news, major shareholder Corp Comcast sold 3,176,923 shares of Comcast stock in a transaction dated Wednesday, May 22nd. The stock was sold at an average price of $3.19, for a total transaction of $10,134,384.37. Following the sale, the insider now owns 2,000,000 shares in the company, valued at $6,380,000. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 1.26% of the company’s stock.

Comcast Stock Down 1.1 %

Comcast stock traded down $0.41 during midday trading on Wednesday, reaching $36.90. The company’s stock had a trading volume of 22,444,935 shares, compared to its average volume of 17,129,264. Comcast Co. has a fifty-two week low of $36.43 and a fifty-two week high of $47.46. The company has a quick ratio of 0.59, a current ratio of 0.59 and a debt-to-equity ratio of 1.13. The company has a market cap of $144.78 billion, a P/E ratio of 9.76, a P/E/G ratio of 0.93 and a beta of 1.00. The business has a 50-day simple moving average of $38.93 and a 200-day simple moving average of $41.61.

Comcast (NASDAQ:CMCSAGet Free Report) last posted its earnings results on Thursday, April 25th. The cable giant reported $1.04 EPS for the quarter, topping analysts’ consensus estimates of $0.98 by $0.06. Comcast had a return on equity of 20.10% and a net margin of 12.64%. The business had revenue of $30.06 billion for the quarter, compared to analysts’ expectations of $29.83 billion. During the same quarter in the previous year, the firm earned $0.92 earnings per share. The business’s revenue was up 1.2% compared to the same quarter last year. On average, research analysts expect that Comcast Co. will post 4.21 earnings per share for the current fiscal year.

Comcast Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 24th. Stockholders of record on Wednesday, July 3rd will be given a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a dividend yield of 3.36%. The ex-dividend date is Wednesday, July 3rd. Comcast’s dividend payout ratio (DPR) is currently 32.80%.

Comcast Profile

(Free Report)

Comcast Corporation operates as a media and technology company worldwide. It operates through Residential Connectivity & Platforms, Business Services Connectivity, Media, Studios, and Theme Parks segments. The Residential Connectivity & Platforms segment provides residential broadband and wireless connectivity services, residential and business video services, sky-branded entertainment television networks, and advertising.

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Institutional Ownership by Quarter for Comcast (NASDAQ:CMCSA)

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